I dont think we will go to three-digits anymore. Price is on this level for a longer time than it was on the 6000s.
Then why the price came down from $6000 to $3300? We can't really say that it may happen if the people are taking their profits out from their holdings but hopefully we are not going that much far. going from $6k down to $3k had nothing to do with "taking profit", it was purely based on manipulation and panic because of the bcash fork FUD attack and the market was ready at that point to either see a launch or a panic sell wave like this. the thing about drops is that the lower we go, the bigger a drama/FUD we need. and there is no more FUD remaining that can have any kind of significant effect on the price.
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No one will surely join up this team.If i am that smart person i would rather solve it for myself and will get that 300 Bitcoins on my own without the need of dividing into other people. Sounds too greedy but if you can actually do it on your own then its normal for people to choose up that way and besides you wont even have the guarantee that you would get the shares once the prize is being distributed.
So, if the puzzle had been solved by your team i assume you are the one who would collect those coins? No one would trust you up.
Except you are hardly gonna solve the really hard ones alone, also, it's part of the fun to do it with someone else. Some of these puzzles take years to solve. Let's see you keep going when you feel you are stuck. if the puzzle is actually solvable then it should not take "years" to solve it and so far all the puzzles that are being created are either unsolvable which means they will remain like that unless the creator moves the funds himself or are being solved in less than a month. the only case where the puzzle was solved years later was when the puzzle was created back when price was very low so there was no incentive to bother solving it at the time (imagine a puzzle with 100 satoshi today!) but with price rise it became valuable so people started working on it and solved it.
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i am wondering whether the actions like this are going to open up some sort of competition. like any other business, banks are also competing with each other so when one big one rejects a certain group of businesses it can open up room for others to pick them up and increase their own revenues. it would be interesting to see how this changes in the future too, as bitcoin grows and more and more businesses start up.
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depending on how many time you want to access your bitcoin you can make an easier choice in my opinion. for example if you want to store your bitcoin and not touch it for years then using a paper wallet is the cheapest and best way to go. but if you want to constantly access them (like a trader wanting cold storage) then using a hardware wallet is best and if you don't want to pay then setting up a wallet on an offline machine is the way to go. my set up is on a linux installed on a USB disk with network cut off and Electrum installed with multiple encryption.
just give different setups a try and see which one works best for you.
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Talk about the following feature you think most important in a Blockchain System: 1. Anti-ASIC 2. Anti-quantum computing 3. Anonymity 4. Cross-chain tech 5. off-chain tech 6. smart contract 7. ... (add more if you want)
1. is not even a thing let alone be important. first of all there is nothing wrong with having ASICs and being able to use them, secondly there is no such thing as "Anti-ASIC", some coins fooled their users by this "buzzword" but in reality they are "Anti-bitcoin-specific-ASIC" in other words you can use ASIC to mine them but not bitcoin's ASICs. 2. as long as this is not a weaker algorithm, it can be good but i wouldn't put it on the top of the list. it belongs down. 3. not mandatory. 4&5. these can be added as second layer to most coins so not so much important. not to mention that things like "cross chain" are only useful for traders! 6. so far i have no seen any usage for smart contracts although the idea seems good. so i'll say not important 7+. being Decentralized, boarderless, permissionless, immutable, secure
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I think the real investors don't think too much about entering at any price, it doesn't matter to them, the most important thing is how to be able to get profits and be able to influence prices in exchange.
Getting profits largely depends on your entry price, lol. Investors aren't the same, they have different targets, risk management and different motives. I would say that most investors aren't as emotionally connected with crypto as most of us here are, which actually is a good thing. People valuing the fundamentals tend to hold on to their coins longer than those who don't, which especially during bear markets results in a wasted opportunity. I could have gained way more by showing less attachment to whatever I hold in order to end up with more coins right now, but it's very easy to speak out like this afterwards. entry price is only one part of making profit. there still is a lot of other things to consider before being able to make good profit from an investment. for example consider the case of 2017 rise. the lowest price was around $1000 at the start of the year and one could technically enter there but making profit depended solely on the decisions that the investor made after that. for example there were many who panicked and sold their coins as price went back down a little in correction. so in their cases despite entering at a low price, they lost money.
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Thanks for all your advise guys but I think I don't explain correctly the question, I'm concern with the integrity of my wallet password or some kind of middle man attack or that kind of stuff by the company who manege the proxy (although is manege by the only communication company in the country).
when you download from a website that doesn't have SSL encryption then what you explained is possible. but not when they have that encryption (meaning a link starting with https such as https://electrum.org/#downloadadditionally it should not matter as long as you are verifying the signature of the files you download. for example in case of Electrum you must verify whether the downloaded binaries were signed with the developer's key (0x6694D8DE7BE8EE5631BED9502BD5824B7F9470E6) using PGP. there is no way to fake that.
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Lots of people are beginning to boycott Coinbase, I think it’s a good idea. Much of what they’re about goes against what Satoshi intended bitcoin to be.
not really! Satoshi meant bitcoin to be a decentralized permissionless currency and that means anybody can use it, and Coinbase is among those "anybody"s. they are offering certain type of services that can have their own usages and as long as people don't have any illusions about what they really are (a centralized account that controls your bitcoin and tracks you and reports your every move) i don't see any problem with their services.
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He loved the technology but never loved the mainstream manifestation of the Blockchain, who cares?
To be fair, this isn't unique to him, and I think it's a perfectly valid position to take. It's like saying you like the Internet but hate Google or something along those lines. actually it is more like saying you love the internet but tell people if they invest in Google their money will be lost as Google is going to crash and burn. because that is exactly what he has been doing when every time he says things along the lines of bitcoin is a delusion and is not going to end well.
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i sometimes get worried about what has happened to this community. it seems like majority of people are newbies with their heads in the sand!
the only thing that this news tells me is that all these people who are these days over excited and are closing their coinbase accounts are newbies who had no idea what they were and are doing. nothing has changed about Coinbase, the only thing that has changed is a social media drama campaign that is hyping them up to follow it like a sheep!
when you use Coinbase which a US based centralized service with a history of reporting every single move of their customer to multiple 3 letter agencies you really can't be surprised when they expand their services to other things like blockchain analysis and acquire teams like those hackers,... your surprise is like jumping in a pool and then being surprised about why you got wet!!!
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whenever it comes to anonymity of bitcoin and methods that you want to choose from the real question is "Who are you trying to hide from?" because depending on that your options can be limited to one or two or it can be limited to a couple of dozens. converting bitcoin to monero and back can increase the anonymity by a lot but again the same question rises. because some normal user who is not running from the law is not going to be de-anonymized by any services but if for example someone is already running from the FBI and is under observation or has some stolen bitcoins then no matter what he does, there still is going to be a way of finding him.
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I was thinking yesterday (having recently got my new contact less card) how good the system was and how we don't need bitcoin (for money transfers) with this great system and I have since come to realise how awful they are.
i hope now you realize that bitcoin is not just about security, the main characteristics of bitcoin that makes it better than all of these other options is its decentralization. otherwise all these methods of payment can technically become just as secure as bitcoin with some effort but they still will remain centralized and it is always going to be the bank that controls your money and allows you to spend it and can decide not to do it some day...
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the problem is : right Now no buyers no new investors who entering to crypto market. now just the same old buyers and sellers.
its Not Bull market yet.
Second problem: No fiat to enter... 2017 was a boom in Economy so Everybody Got a lot money to invest in to btc.
To make good bull we need to dump a lot Fiat currency into crypto market. Where we will Take that much Fiat?
It is not so much the FIAT, what is needed is that the bitcoin rise to new prices, if it rises from 4k to 5k, the Strong Hands, have to look for those levels with the intention of testing the offer, it can immediately generate a correction to take profits selling and can fall much lower than right now, the important thing is that since the levels of 3k were not found with sales, that is the reason that they must raise the price so that they continue to accumulate bitcoins. when the rise starts there will be an inflow of money to the market which would easily absorb any sells, just like any other previous times that we had the same trend. initially price hits the bottom and becomes stable for a while where everyone accumulates. then we see these small rises towards the resistances ($4.1k in this case) and then it eventually breaks and by that time no matter how much people sell, it won't slow down.
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you might want to include the Puzzle that you are trying to use others to solve! currently there are a couple of them out there and most of them are not even worth the time and i know of at least one that is not even solvable (the puzzle looks more like trolling than an actual puzzle). people don't want to waste their time on things that aren't worth it like that.
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you are looking for something that allows you to convert bitcoin to fiat and transfer it to bank and because of that last part it is impossible to find some service that is both trusted and doesn't require identity verification. that simply doesn't exist. the only option i can think of is Coinbase. although i would suggest paying them directly with fiat since they have no idea what bitcoin is and want fiat right away!
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Warren Buffet always praised blockchain technology, but he never praised BTC. I think he is not objective.
i don't remember seeing him praise anything but it would be understandable if he did since most of these people have some sort of stake in centralization so they praise the technology mainly when it is adopted by the centralized sector (like banks, example: Jpmorgan) I don't like this person, he always has a bad statement to make the crypto market fall.
then why are you quoting him here and starting a TOPIC about him?!!
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I've made a good profit from Genesis Mining. They do pay and are a legit company, but I would not recommend it as an investment. You will not make good ROI with cloud mining. I was only profitable because I won a free contract.
if some company could afford the equipment, electricity and other costs, had the space,... then they wouldn't have been selling the hashrate to others in small increments for peanuts. instead they would have mined themselves and enjoyed the whole profit! something has to be wrong with their plans that they have to sell it like this...
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It looks like Electrum only does Legacy or bech32 addresses, not normal segwit ones with a 3, though I don't use it. Probably easiest to start a new wallet but someone should know more.
"normal SegWit" is Bech32 addresses that start with bc1, which is also known as native SegWit address format. everything else is just a workaround to stay compatible with services that haven't upgraded their system to support the new additions to bitcoin yet. and Electrum supports all of them, you just have to take extra steps if you want to use a non-default wallet type (aka nested SegWit ie. addresses starting with 3). fun fact: address posted by OP seems to be a multi signature one!
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it would be easy to detect and prove who did it! and again we are talking about millions of dollars, and that is not something you could sweep under the rug that easily.
Is there this much gain in pulling such a stunt? theoretically it has to be because in order to perform a 51% attack you have to spend a lot of money and take a lot of risks. and owning that much hashrate you are normally finding more than half of the blocks and that is more than $3.5 million per day with current price. so to pull it off the profit has to be higher than that at least to be worth the effort. of course there can be other motivations such as government shenanigans but that is a different conspiracy theory!
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not to mention, illegal. it may not look like it but performing a double spend is a clear act of fraud specially when it is on such a big scale which would be in millions of dollars and because of that it is going to have a lot of legal consequences for the person performing it.
There've now been a few double spends, Bitcoin Gold and ETC among them. I haven't heard of any attempts to tackle anyone or anything legally because of it. It may well be a form of fraud but I've never heard a legal opinion on the matter. So far it seems that the exchanges affected just swallowed it. Bitmain themselves won't have enough raw power to do it. If they did and carried it out I suspect the Chinese government would give them a pat on the back. those cases were too small and they were performed anonymously because you really didn't need that much hashing power to pull something like that. here in bitcoin world we are talking about a known company and if they perform a 51% attack it would be easy to detect and prove who did it! and again we are talking about millions of dollars, and that is not something you could sweep under the rug that easily.
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